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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (37638)	8/31/2003 8:32:05 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 74559

Jay FX v. USD is at crossroads IMHO. There are some interested parties who are fighting to keep the USD aloft. Not since June this year have I seen so many unanimous reports predicting the rise of the USD v. other currencies. I have no explanation to the reasons but if regarded to the EUR, in June this year, every bank or WS house predicted EUR/USD level north of 1.25 or even 1.33 by now. Today they all predict 1.05 or even parity. I just sold now EUR/USD 1.100 October 2003 puts (long EUR rolling over a previous position) and not sure if the move is right Gold may be a better bet due to seasonallity and present ignorance by the public